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CASE 5 Toyota Oman is announced Ramadan offer to its customers for a limited period of time. The offer is available only for citizens and

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CASE 5 Toyota Oman is announced Ramadan offer to its customers for a limited period of time. The offer is available only for citizens and residents with stable monthly income. The offer is part of the company's sale promotion campaign in the Holy month. The following is the offer to you; Question No-5 i) Toyota Yaris 2020, cash price OMR 6,100; down payment OMR 600 and the balance will be paid within sixty months with equal monthly payments of OMR 103. If you are interested to buy the car, how much you have to spend for the car. (2Marks) ii) Toyota Yaris 2020, cash price OMR 6,100; down payment OMR 800 and the balance will be paid within sixty months with equal monthly payments of OMR 90. If you are interested to buy the car, how much you have to spend for the car. (2Marks) iii) Compare the finance charges of the above two options and suggest the best one for the car buyers. (2 Marks) Ms. Aisha is a women entrepreneur, decided to buy the same car with ready cash, since her income was not regular. So, she borrowed money from a moneylender at the simple interest rate of 4.5% for two years. How much she has to pay to the moneylender after two years? (2 Marks) v) Do you think Ms. Aisha's decision is right? Justify your answer. (2 Marks) iv)

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